cotenancy clause-led earnings lift for Apple?

Interesting article in tomorrow’s WSJ to talk about how retail tenants in malls are negotiating rent reductions when major tenants leave. Given Apple’s large retail presence, I wonder if this will have a meaningful impact on earnings over the next several quarters…

Interesting article in tomorrow’s WSJ to talk about how retail tenants in malls are negotiating rent reductions when major tenants leave. Given Apple’s large retail presence, I wonder if this will have a meaningful impact on earnings over the next several quarters…

While Apple may not be considered an anchor tenant due to its (relatively) small footprint, I am 100% certain Apple already has the lowest rent per foot of any tenant at its mall locations. Apple drives serious traffic to its stores and other tenants are willing to pay up to be bear Apple in Apple malls. Apple knows this and gets cut rate rent deals which the mall owner more than makes up with rent premiums from other nearby tenants.

While Apple may not be considered an anchor tenant due to its (relatively) small footprint, I am 100% certain Apple already has the lowest rent per foot of any tenant at its mall locations. Apple drives serious traffic to its stores and other tenants are willing to pay up to be bear Apple in Apple malls. Apple knows this and gets cut rate rent deals which the mall owner more than makes up with rent premiums from other nearby tenants.

Is Victoria’s Secret next to or very close to the Apple store at your malls?